Shandong Molong (00568) invests in the construction of the "High-end Petroleum Special Pipe Intelligent Processing Line Project"

Wisdom Finance and Economics APP News, Shandong Molong (00568) announced that, according to the company's development strategy and planning, in order to further enhance pipeline processing capabilities, improve the production chain, and increase market competitiveness, on December 15, 2025, the company held the ninth interim meeting of the eighth board of directors, deliberating and passing the "Proposal on Investment and Construction Projects", agreeing that the company will use up to RMB 170 million of its own funds or self-raised funds to invest in the construction of the "High-End Petroleum Special Pipe Intelligent Processing Line Project" in the technology park plant area.